The Property Tax as a Tax on Value: Deadweight Loss / Richard Arnott, Petia Petrova.

Format:

Book

Author/Creator:

Arnott, Richard.

Contributor:

National Bureau of Economic Research.

Petrova, Petia.

Series:

Working Paper Series (National Bureau of Economic Research) no. w8913.

NBER working paper series no. w8913

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Other Title:

The Property Tax as a Tax on Value

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2002.

Summary:

Consider an atomistic developer who decides when and at what density to develop his land, under a property tax system characterized by three time-invariant tax rates: the tax rate on pre-development land value, the tax rate on post-development residual site value, and the tax rate on structure. Arnott (2002) identified the subset of property value tax systems which are neutral. This paper investigates the relative efficiency of four idealized, non-neutral property value tax systems (Canadian property tax system, simple property tax system, residual site value tax system, and differentiated property tax system) under the assumption of a constant rental growth rate.

Notes:

Print version record

April 2002.